Conversion from Ltd by Shares to Guarantee

[numbersrule]

I wonder if anyone can help me understand what might be involved in converting a company Ltd by shares to a company Ltd by guarantee?

I read online a while ago that there may be a simple process of amending the Articles of Association, subject of course to meeting the requirements of whichever NFP / CIC type converted to.

Many thanks

 

[David Griffiths]

i don't know where you read that (and of course much of what you can read online is questionable.)

I looked briefly into this fairly recently and was told that it is not possible. You can close down the old company and form a new one limited by guarantee, but it will be a completely new entity so all registrations, contracts etc will need to be renegotiated

Any tax losses from the old company will be lost, which may or may not be a consideration

These people seem to know what they are talking about

 

[numbersrule]

Thank you David.
You have confirmed my suspicions.